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Module 3 Assessment

1. Question: What is the primary goal of financial literacy?
2. Question: What is the purpose of a budget book?
3. Question: True or False: Cost includes the money spent on materials, labor, and overheads, while price is what customers pay for the product or service.
4. Question: Which of the following is NOT an aspect to consider when setting prices?
5. Question: What is recommended to ensure compliance with national labor laws and employment regulations when setting up a business?
6. Question: What is crowdfunding primarily ideal for?
7. Question: What is a key consideration when securing a business loan from a bank?
8. Question: What is a suggested step to take after receiving a rejection when applying for funding?
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